401k Plan data: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN plan

CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN
Plan identification number	001

CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

CONCEPT LABORATORIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: CONCEPT LABORATORIES, INC.

Employer identification number (EIN): 364019770

NAIC Classification: 325600

Additional information about CONCEPT LABORATORIES, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1993-07-14

Company Identification Number: 0412346

Legal Registered Office Address: 5375 DUKE ST #1010

ALEXANDRIA
United States of America (USA)
22304

More information about CONCEPT LABORATORIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01 HENRY HONG 2022-10-14
001 2020-01-01 CHUCK FLEISCHACKER 2021-09-30 CHUCK FLEISCHACKER 2021-09-30
001 2019-01-01 HENRY HONG 2020-10-13 HENRY HONG 2020-10-13
001 2018-01-01 HENRY HONG 2019-10-04 HENRY HONG 2019-10-04
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 C S SANDS 2013-03-04 C S SANDS 2013-03-04
001 2011-01-01 C S SANDS 2012-06-22 C S SANDS 2012-06-22
001 2010-01-01 C S SANDS 2011-04-26 C S SANDS 2011-04-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01	HENRY HONG	2022-10-14
001	2020-01-01	CHUCK FLEISCHACKER	2021-09-30	CHUCK FLEISCHACKER	2021-09-30
001	2019-01-01	HENRY HONG	2020-10-13	HENRY HONG	2020-10-13
001	2018-01-01	HENRY HONG	2019-10-04	HENRY HONG	2019-10-04
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01
001	2013-01-01
001	2012-01-01	C S SANDS	2013-03-04	C S SANDS	2013-03-04
001	2011-01-01	C S SANDS	2012-06-22	C S SANDS	2012-06-22
001	2010-01-01	C S SANDS	2011-04-26	C S SANDS	2011-04-26

Plan Statistics for CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 66
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 17
Total of all active and inactive participants 2021-01-01 83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 84
Number of participants with account balances 2021-01-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 6
2020: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 120
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 65
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 59
Total of all active and inactive participants 2020-01-01 124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 124
Number of participants with account balances 2020-01-01 124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 4
2019: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 102
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 54
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 58
Total of all active and inactive participants 2019-01-01 112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 112
Number of participants with account balances 2019-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 4
2018: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 91
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 43
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 56
Total of all active and inactive participants 2018-01-01 99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 99
Number of participants with account balances 2018-01-01 99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2

Measure	Date	Value
2021: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	66
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	17
Total of all active and inactive participants	2021-01-01	83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	84
Number of participants with account balances	2021-01-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	6
2020: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	120
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	65
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	59
Total of all active and inactive participants	2020-01-01	124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	124
Number of participants with account balances	2020-01-01	124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	4
2019: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	102
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	54
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	58
Total of all active and inactive participants	2019-01-01	112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	112
Number of participants with account balances	2019-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	4
2018: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	91
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	43
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	56
Total of all active and inactive participants	2018-01-01	99
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	99
Number of participants with account balances	2018-01-01	99
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2

Financial Data on CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2021 : CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$995,577
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$255,604
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$235,378
Expenses. Certain deemed distributions of participant loans	2021-12-31	$2,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$350,377
Value of total assets at end of year	2021-12-31	$4,352,777
Value of total assets at beginning of year	2021-12-31	$3,612,804
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$18,175
Total interest from all sources	2021-12-31	$686
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$83,428
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$83,428
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$435,233
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Participant contributions at end of year	2021-12-31	$7,403
Participant contributions at beginning of year	2021-12-31	$15,294
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$101,820
Value of other receiveables (less allowance for doubtful accounts) at end of year	2021-12-31	$1,440
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2021-12-31	$302
Total non interest bearing cash at end of year	2021-12-31	$1,495,882
Total non interest bearing cash at beginning of year	2021-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$739,973
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$4,352,777
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$3,612,804
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$16,425
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$1,746,665
Interest on participant loans	2021-12-31	$582
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$2,599,495
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$262,108
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$262,108
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$104
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$561,086
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$248,557
Employer contributions (assets) at end of year	2021-12-31	$248,557
Employer contributions (assets) at beginning of year	2021-12-31	$224,246
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$235,378
Contract administrator fees	2021-12-31	$1,750
Assets. Corporate common stocks other than exployer securities at end of year	2021-12-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2021-12-31	$1,364,189
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	PBG FINANCIAL SERVICES, PLLC
Accountancy firm EIN	2021-12-31	844107940
2020 : CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$639,017
Expenses. Total of all expenses incurred	2020-12-31	$12,652
Total plan assets at end of year	2020-12-31	$3,612,804
Total plan assets at beginning of year	2020-12-31	$2,986,439
Value of fidelity bond covering the plan	2020-12-31	$298,644
Total contributions received or receivable from participants	2020-12-31	$0
Other income received	2020-12-31	$404,771
Net income (gross income less expenses)	2020-12-31	$626,365
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,612,804
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,986,439
Assets. Value of participant loans	2020-12-31	$15,294
Total contributions received or receivable from employer(s)	2020-12-31	$234,246
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$12,652
2019 : CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$703,914
Expenses. Total of all expenses incurred	2019-12-31	$165,545
Benefits paid (including direct rollovers)	2019-12-31	$134,140
Total plan assets at end of year	2019-12-31	$2,986,439
Total plan assets at beginning of year	2019-12-31	$2,448,070
Value of fidelity bond covering the plan	2019-12-31	$1,750,000
Other income received	2019-12-31	$514,795
Net income (gross income less expenses)	2019-12-31	$538,369
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,986,439
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,448,070
Assets. Value of participant loans	2019-12-31	$12,046
Total contributions received or receivable from employer(s)	2019-12-31	$189,119
Value of certain deemed distributions of participant loans	2019-12-31	$19,967
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$11,438
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$57,541
Expenses. Total of all expenses incurred	2018-12-31	$1,104,989
Benefits paid (including direct rollovers)	2018-12-31	$1,090,934
Total plan assets at end of year	2018-12-31	$2,448,070
Total plan assets at beginning of year	2018-12-31	$3,495,518
Value of fidelity bond covering the plan	2018-12-31	$1,750,000
Other income received	2018-12-31	$-120,979
Net income (gross income less expenses)	2018-12-31	$-1,047,448
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,448,070
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,495,518
Assets. Value of participant loans	2018-12-31	$39,146
Total contributions received or receivable from employer(s)	2018-12-31	$178,520
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$14,055
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0

Form 5500 Responses for CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN

2021: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: CONCEPT LABORATORIES, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

CONCEPT LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST [EIN = 363779240]

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Company Name:	CONCEPT LABORATORIES, INC.
Employer identification number (EIN):	364019770
NAIC Classification:	325600

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1993-07-14
Company Identification Number:	0412346
Legal Registered Office Address:	5375 DUKE ST #1010 ALEXANDRIA United States of America (USA) 22304